CFO Moves: Elecon Engineering, TTS Group, Genpact

Reporter

Elecon Engineering Co. Ltd., an Indian industrial machinery company, said its chief financial officer, Hemendra Shah, has resigned, effective June 30, according to an announcement via the operator of the Bombay Stock Exchange. The company did not disclose any plans for Mr. Shah’s successor in that announcement.

TTS Group ASA, a marine equipment company based in Norway, named Henrik Solberg-Johansen as its interim CFO, effective July 1, according to a spokeswoman at the company. Mr. Solberg-Johansen is a vice president of group accounting and control. He will succeed Arild Apelthun, who resigned but will stay at the company until the fourth quarter of this year. Mr. Apelthun received a salary of $263,159 in addition to other compensation, according to the company’s 2013 annual report.

Genpact Ltd., a Bermuda business support services company, named Edward Fitzpatrick as CFO, effective July 15. Mr. Fitzpatrick was previously CFO at Motorola Solutions Inc. He will succeed Mohit Bhatia. Mr. Bhatia received compensation valued at $1.7 million in 2013, according to a proxy filing. Mr. Fitzpatrick received compensation valued at $3.2 million in 2013, according to a proxy filing.

Real estate industry veteran Diane Morefield, EVP and CFO of Strategic Hotels & Resorts, Inc., discusses the challenges she has undertaken throughout her career in both finance and operational roles and her management style. While viewing herself as a “conservative voice” in an industry known for risk-taking, she says it's important to take risks when it comes to building one's career.